CMBS Loans

CMBS Loans

Nationwide origination for CMBS loans

Clopton Capital is a nationwide originator for several CMBS loan conduits, which lowers risk and opportunity costs for borrowers be supplying a single access point to several secondary market financing conduits. Typically a CMBS loan offers low interest rates, a range of fixed periods, and non-recourse financing. They typically for standard property types including multifamily, retail, office, industrial, and hospitality but can consider other property types if they offer quality investments for the financier.

CMBS Commercial Mortgages

Loan Amount : $1,000,000 to $250,000,000

Loan Term : 5, 7 and 10 Year

Asset Types : Office, retail, industrial, multifamily and hotel. Other asset classes considered with appropraite underwriting standards.

Security : First mortgage

Borrower Entity : Single purpose entity

Loan-to-Value : Up to 75% of appraised value.

DSCR Requirement : 1.25 DSCR on most property types

Amortization : Typically 30 year amortization

Interest Rate : Competitive swap based or treasury based pricing

Origination Fee : 1%

Exit Fee : None

Reserves : Ongoing TI/LC and CapEx reserves collected

Expense Deposit : Generally $7,500 underwriting fee. Expense deposit adequate to cover third party reports, legal fees and other customary costs

Prepayment : Defeasance or yield maintenance, locked out for the earlier of (i) three years following the full funding of the Loan and (ii) two years after the securitization of the Loan

Recourse : Non-recourse to Key Principals except for customary bad boy carve outs

Geographic Location: Nationwide

Don't hesistate to call and go over any transaction scenario with us. Many times properties and loans that people may have thought were not appropriate for cmbs execution can be structures in a way that we can make work.